Thursday, January 21, 2010

Why Does Ice Cream Help?

The property market in the Rhone-Alpes

Rhone-Alps: strong contrast between sales and rental

trend: strong contrast between sales and rental
Market still high in price, but slowed in some parts of the region. Peaks reached in Annecy. The rental He calms down. Our test

cities: Lyon, Grenoble and Annecy

These three cities were united in 2006 by the same price inflation, for reasons related to their different specificities. Result: strong tendency to migrate towards the periphery of cities

LYON
The market moves to the outer suburbs
In the capital of Gaul, the city's most quoted remain inaccessible to the middle classes, TĂȘte d'Or, to Brotteaux at Bellecour in Old Lyon and much of the Red Cross and Saxony - Prefecture of sectors grouped in the 2.3, 4 and 6th districts.

Between March 2005 and March 2006, prices had increased in Lyon intramural 17.7%, after rising 95.7% in 5 years. For the former, according to Lyons solicitors interviewed, the average price shown is of 2 580 € / m2 at the end of 2006. In nine, the average local market has surpassed the psychological barrier of € 3 000 to m2.

This year, if the transactions are longer, the market remains strong. Illustration: the T2 of about 50 m2 which has been sold three times by the same real estate agency since 2005. 130 000 at the time, it rose to 150 000 in 2006 and is on sale this year to 160 / 170000 euros! For an apartment with a garage, it will add 15 000 to the budget. Count the remaining 10 to 12 000 euros for a single parking space.

peaks which led the market to move to the outer suburbs of the city. Rental side, as in many cities of the area, rents are marking time and even traded a few times down

GRENOBLE
Inflation in the new!
privileged location right in the mountain, economic development in high-tech ... According to the latest observatory FNAIM, Grenoble offers an average price of 2815 euros per m2, or 11.6% increase in one year.

The most popular areas are the island green and hypo-center. Topography and terrain make land scarce, which contributes to the natural increase in land values. So the price of building land have increased by 25% since last year ! Inflation has obvious consequences on new construction. The price per square foot exceeds € 3 000 in Grenoble (both in Lyon ...) and even reach € 3 700 for ongoing programs available at the end of this year 2007.


ANNECY
No detached house less than 500 000 lake
With its mythical atmosphere almost obsolete notes and subtle charms, Annecy attracts both families, retirees, foreigners attracted by the excellence its quality of life. The proximity of Switzerland (2009, with the new highway, Geneva will be more than twenty minutes from the lake), the interest of investors and Border explains the peaks achieved by the local property prices.

The Golden Triangle is around local galleries Lafayette, lakeside (Albiny Avenue) and downtown, in this area, you will hardly find a case to less than 5 000 € per square meter. At this price level we can talk about speculation. A situation that was literally forced to flee some of the middle classes to spend more than a third of their budget on housing. Even shopping spree for the scarce Annecy houses that do not negotiate with less than 500 000 €.

Yet local professionals emphasize again recently talks "down" is treated as regularly advertised prices! Assets above 450,000 euros go "more difficult". The sales of new products is still conclude around 4500 to 5000 euros per m2.

Annecy remains a very expensive city and buyers retreat to the countryside where the market is exploding too. With many apartments on the market, the local rental is wiser.

Our advice: If your award you can buy in Annecy you can still do it without risk! In negotiating the price though, you may be able to make a good investment.


(Sources: departmental chambers of notaries and Paruvendu.fr)

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